Central bank halts Binimoy services over alleged contract breach and irregularities
The country’s balance of payments returned to a surplus in the fiscal year (FY) 2024-25, ending a three-year spell of deficits.
The central bank is set to unveil its latest monetary policy for the first half of the fiscal year (FY) 2025-26 tomorrow, as inflation slows but private sector credit growth hovers at multi-year lows, underscoring the fragility of the country’s economic recovery.
Bangladesh’s goal of a cashless future is colliding with failed projects, user mistrust, and an economy that thrives on cash
Fraudulent trade transactions are one of the key reasons behind the rise in non-performing loans (NPLs) in Bangladesh’s banking sector, creating a dangerous feedback loop that undermines financial stability and enables trade-based money laundering (TBML), according to a study by the Bangladesh Institute of Bank Management (BIBM).
The reviews, initiated in January with backing from the ADB, expose deep-seated financial mismanagement at those banks
After years of depreciation that saw the taka lose nearly 30 percent of its value against the US dollar since the Covid-19 pandemic, the local currency is finally showing signs of strength.
Local currency taka has started to gain strength against the US dollar for the first time in several years, as a steady inflow of foreign currency drives down the official exchange rate.
Central bank halts Binimoy services over alleged contract breach and irregularities
The country’s balance of payments returned to a surplus in the fiscal year (FY) 2024-25, ending a three-year spell of deficits.
The central bank is set to unveil its latest monetary policy for the first half of the fiscal year (FY) 2025-26 tomorrow, as inflation slows but private sector credit growth hovers at multi-year lows, underscoring the fragility of the country’s economic recovery.
Bangladesh’s goal of a cashless future is colliding with failed projects, user mistrust, and an economy that thrives on cash
Fraudulent trade transactions are one of the key reasons behind the rise in non-performing loans (NPLs) in Bangladesh’s banking sector, creating a dangerous feedback loop that undermines financial stability and enables trade-based money laundering (TBML), according to a study by the Bangladesh Institute of Bank Management (BIBM).
The reviews, initiated in January with backing from the ADB, expose deep-seated financial mismanagement at those banks
After years of depreciation that saw the taka lose nearly 30 percent of its value against the US dollar since the Covid-19 pandemic, the local currency is finally showing signs of strength.
Local currency taka has started to gain strength against the US dollar for the first time in several years, as a steady inflow of foreign currency drives down the official exchange rate.
As of December last year, they disbursed Tk 25,808 crore in loans against collateral worth Tk 6,899 crore, according to the BB report
Unfortunately, much of our development narrative is undermined by corruption, nepotism, lack of law enforcement, and policy inconsistency.
